Tag Archives: giant

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time. Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business… Source link

(Bloomberg) — One of the few countries in the world where Google doesn’t dominate web searches is South Korea, where Naver Corp. leads the market and is also a big player in e-commerce and fintech. But the Korean company, which now gets more than 95% of revenue domestically, wants to boost its international presence. To help with that, Naver is considering more dollar bond sales after its debut deal last month, and it’s also eyeing a possible future U.S. initial public offering for a… Source link

One of the few countries in the world where Google doesn’t dominate web searches is South Korea, where Naver Corp. leads the market and is also a big player in e-commerce and fintech. But the Korean company, which now gets more than 95% of revenue domestically, wants to boost its international presence. To help with that, Naver is considering more dollar bond sales after its debut deal last month, and it’s also eyeing a possible future U.S. initial public offering for a unit, chief… Source link

Russian internet giant Yandex says it will start delivering groceries across Paris and London by the end of the year, after the service gained massive popularity in Russia during lockdowns imposed due to the Covid-19 pandemic. The grocery delivery in the French and British capitals will be run by Yango, an international arm of Yandex Go, which is in cha   rge of the company’s taxi aggregator and food tech business. Last year, the subsidiary launched the grocery service in… Source link

Amazon’s founder Jeff Bezos acknowledged Thursday that his new annual letter to shareholders would be his last as CEO. But that reiteration has done nothing to shake Wall Street’s confidence in the e-commerce behemoth’s future financials, although the leadership change is being very closely watched for potential stumbles.   “Well, I think Bezos probably goes down as the best entrepreneur of this generation in a way like Steve Jobs was and Bills Gates was. We’ll see about the next generation…. Source link

A Google IT Support Professional Certificate program that was launched at the start of 2020 by Mohawk Valley Community College was noted in the Google technology company’s annual Economic Impact Study for New York. The report, issued last week, referred to the MVCC program in a section titled “Helping New York businesses and job seekers.” The report said “Google is invested in expanding access to Google Career Certificates to help more people—particularly underserved—grow their… Source link

TipRanks 2 “Strong Buy” Stocks From Oppenheimer’s Top Analysts Both the S&P 500 and the Dow Jones average have closed at record highs, and the NASDAQ has reversed the brief foray it took into correction territory in the second week of March. The market gains reflect several factors: relief that the $1.9 trillion COVID aid bill passed Congress and was signed by the President; a general optimism that the ongoing vaccination program will allow a normal economic environment sooner rather… Source link

Pinduoduo founder Colin Huang The founder of high-flying Chinese e-commerce group Pinduoduo has stepped down unexpectedly as chairman. Colin Huang is China’s seventh richest person and is worth more than $50bn from his stake in the online firm. Mr Huang’s exit comes as Pinduoduo overtook rival tech giants JD.com and Alibaba with 788m annual active buyers on its platform last year. But his company has been criticised for its work culture following the death of two employees recently. Mr Huang will… Source link

DDG took to Twitter to point out that Google added labels for ‘Search’ and ‘Gmail’ after delaying the update for months. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) Privacy-focussed search engine DuckDuckGo (DDG) called out Google for spying on users after the latter updated privacy labels on Apple’s App Store to show the type of data it collects from users. DDG took to Twitter to point out that Google… Source link

Coupang (CPNG) shares closed at $49.52 each on their first day of trading, well below their opening trade but still above their IPO price, in the largest initial public offering in the US this year. Dubbed the Amazon (AMZN) of South Korea, shares of the e-commerce giant opened at $63.50 after pricing its IPO at $35 a share, raising $4.6 billion. About 10 minutes after the opening trade, the stock was trading at around $59 a share. The IPO surpassed that of dating app Bumble (BMBL), which Source link